7. Chemult Company reported the following transactions on a recent statement of stockholders' equity, Assume that the par value of common stock is $1 per share. Please indicate how we would record the activity on the balance sheet (15 points) a Declare and pay cash dividends of $5.95 per common share. There are 205,000 shares issued and outstanding. (5 points) b. Repurchase 3000 shares at $49 per share. (5 points) C. Reissue 3000 shares of treasure stock with an issue price of $55. (5 points)